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Our research continues to support a Bullish price bias over the next 30+ days, very likely reaching to new all-time highs again, before June/July 2019. For many months, other researchers have continued to predict “doom and gloom” with warnings of Treasury yield inversions, global collapse...
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Since peaking at around $107 per barrel back in June, crude oil prices for West Texas Intermediate (WTI) grade have plunged all the way to near $60. The collapse over the last six months has been stunning. I know of no forecaster that saw a decline of this magnitude coming. Both WTI and Brent crude are...
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I spent yesterday at the Association of the Study of Peak Oil (ASPO) conference in Washington D.C. As you may know, Energy World Profits economist Gregor Macdonald was speaking as part of a panel on how to invest in the peak oil age. Gregor’s talk was about the renewed adoption of coal as the primary...
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Today I'm sending you a piece on Ecuador's recent move to change the terms of its contracts with oil investors to keep more of the returns in the state. As we watch the world's energy market, political details like this are essential to know. The article explores the geopolitical implications...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit October 7, 2009 ***** Australia ’s Confidence *****What’s France Thinking? *****Newsletter Advisor Wednesday Fellow investor, Australia ’s central bank raised interest rates by a quarter-point yesterday. Australia is the first G...
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Your Daily Profit May 28, 2009 *****A Bottom for Housing *****Double-Dip Recession *****19% on BlackRock, Inc (NYSE: BLK) Fellow Investor, Yesterday, it was reported that median home prices fell to $209,700 from $246,400 in April 2008. That’s a steep year-over-year correction, even though prices...
Posted to
Daily Profit
by
Ian Wyatt
on
05-28-2009
Filed under:
Filed under: stimulus package, Ian Wyatt, stimulus plan, oil stocks, oil, taxpayer, bank bailout, Geithner, Federal Reserve, unemployment, OPEC, retail sales, toxic asset, homebuilders, stress test, PPIP, Treasury Bonds, BLK
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit April 15, 2009 *****Oil: When, not If *****47% from Citigroup *****Newsletter Advisors Fellow investor, I hate to keep talking oil here, but the sticky stuff is a great proxy for what’s going on with the economy and the financial markets. On...
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*****Oil and Recovery *****Deflation vs. Inflation *****Graham Corp. Oil prices have moved over $50 a barrel. There are a few factors at work here. OPEC's cut production. Of course, that's been ongoing, and OPEC's moves have done little to prop up prices as demand around the globe falls....
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Well, we have our answer from OPEC, which decided to keep output numbers at current levels, despite plenty of rumors among oil traders that it would cut supply. At a meeting yesterday, OEPC officials indicated that higher energy prices would further crimp the global economy, so cutting back on oil supply...
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Posted to
Daily Pfennig
by
Chuck Butler
on
03-16-2009
Filed under:
Filed under: Dollar, Oil, China, Gold, Euro, Swiss franc, Citigroup, TIC Flow, Swiss National Bank, OPEC, Consumer Spending, G20
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It’s good to see oil prices on the rebound – up over $48 per barrel as of mid-day Monday. That’s an eight-week high and attributable to OPEC’s apparent decision to tighten oil supply by cutting off an additional 800,000 barrels of oil daily, if the rumors I’m hearing are...
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There’s a lot happening in the oil market this week so let’s get straight to it. China syndrome -- China is the latest government to stockpile oil inventories – buying up millions of barrels of oil at cheaper prices and storing them for a rainy day, and to avoid oversupply in its own...
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I don’t write about oil stocks all that much, but it’s earnings season, and some of the big boys are clocking in with profit numbers. The impact those numbers have could reverberate onto the profit pictures of oil drilling and oil refining companies, so they’re well worth looking at...
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I wrote last week how Morgan Stanley had an epiphany of sorts, in buying 2 million barrels of oil at a (seemingly) bargain basement price, and then storing its stash of crude on an oil supertanker off the Gulf of Mexico. The idea is to buy in bulk while prices are low and then sell when prices rise again...